M&A Deal Summary

Observe Medical Acquires Biim Ultrasound

On January 14, 2022, Observe Medical acquired medical products company Biim Ultrasound for 185M NOK

Acquisition Highlights
  • This is Observe Medical’s 1st transaction in the Medical Products sector.
  • This is Observe Medical’s 0th largest (disclosed) transaction.
  • This is Observe Medical’s 1st transaction in Norway.

M&A Deal Summary
Date 2022-01-14
Target Biim Ultrasound
Sector Medical Products
Buyer(s) Observe Medical
Deal Type Add-on Acquisition
Deal Value 185M NOK
Advisor(s) Advokatfirmaet Schjødt (Legal)

Target

Biim Ultrasound

Narvik, Norway
Biim Ultrasound is an international medical ultrasound technology company that has developed a unique, wireless and pocketable ultrasound probe, Biim, that can scan patients and review images in seconds. Biim Ultrasound is based in Narvik, Norway.

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Buyer(S) 1

Buyer

Observe Medical

Oslo, Norway
Category Company
Founded 2009
Sector Medical Products
Employees14
Revenue 28M NOK (2023)
DESCRIPTION

Observe Medical is a developer and marketer of innovative hospital products that contribute to increased patient safety and a more efficient care system. Observe Medical's initial product was Sippi, the only automated digital urine meter with wireless data transfer to the hospital patient data management systems, and also prevents bacterial migration that can lead to urinary infections (Sippcoat). Observe Medical was founded in 2009 and is based in Oslo, Norway.

DEAL STATS #
Overall 2 of 3
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 1 of 1
Country (Norway) 1 of 1
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-16 Sylak AB

Gothenburg, Sweden

Sylak AB is a distributor of ICU/anesthesia products. Sylak is based in Gothenburg, Sweden.

Buy kr6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-21 Convatec Group - Urine Measurement Products

Reading, United Kingdom

Convatec Group's Urine Measurement Products are used for routine or post-operative drainage, collection, and measurement of urine output from critically ill patients in hospitals and intensive care units (ICUs).

Buy -
Mergr

Product

Company

Legal